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Topic: Crypto Guru warns EXIT ALL EXCHANGES NOW as Tethers crash - page 2. (Read 381 times)

full member
Activity: 961
Merit: 110
SweetBet.com
I clicked on the link and neither my avast or malwarebytes software programs reacted, but I will scan my computer just to be safe.
newbie
Activity: 182
Merit: 0
Yeah that link looks shady af, maybe some moderator can remove this thread, not helping at all
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Wow, I can't believe I just clicked that AIDS stricken link.  Now I fear my computer is infected and have to use an antivirus software to scan it.  I use a Mac, and yes, I am that scared.

Click at that link at your own risk.  I mean look at all the sockpuppets in here.  It's a new breed of sockpuppet.  I think they're born in Asia.  Lol.  Grin
full member
Activity: 396
Merit: 106
https://kryptous.com/the-prophet-warns-exit-all-crypto-exchanges-now/

Cash in banks
Hard Wallets

Exchanges facing crash
I saw this coming since long time ago. USDT look very shady and unreliable as a tool to measure total cap of the whole market.
member
Activity: 93
Merit: 39
Incidentally, according to coinmarketcap another 600,000,000 in Tethers just came into existence about four hours ago. Tethers are now listed at $0.99.

That happened right around 1AM UTC January 28th. These Tether were printed a week to two weeks ago. Now all 2 1/4 billion "granted" Tether are circulating.

For the record, Tether broke downward out of its trading range immediately. BTC started spiking up three hours later. The mempool saw a (probably statistically insignificant) increase in transactions an hour after that (5AM UTC), especially in the 5 to 10 sat/B range.
member
Activity: 110
Merit: 14
https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/

Tether has apparently dissolved its relationship with Friedman LLC, the accounting firm that produced the not-really-an-audit on Tether back in September. Here is the statement from Tether:

"We confirm that the relationship with Friedman is dissolved.  Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success."

No precedent to guide the process? The money is there or it isn't. That's what auditors do.

Incidentally, according to coinmarketcap another 600,000,000 in Tethers just came into existence about four hours ago. Tethers are now listed at $0.99.

In September Friedman sort-of-confirmed that Tether had money in the bank to back the less than $500,000,000 in Tethers then in circulation. More than that just came into existence. There are now about 2.2 billion Tethers.
jr. member
Activity: 56
Merit: 1
To play devils advocate, why wouldn't people in tether just switch over to BTC or another crypto? Everyone has had the idea that tether was shady since it began. I don't see this having much of an impact on anything. This certainly isn't going to "crash exchanges"

Read his warning, we will see spike on coins as people exit. Tethers.

Then as people exit exchanges to wallets and banks the exchanges don't have enough coins to exit since they all used fake USD Tethers.

So exchanges can't meet exits they crash.

People lose faith in Tethers they go to coins prices spike then exits expose the scam.

It's doing exactly what he warned look at the exit of tether spike.

It's happening
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
https://kryptous.com/the-prophet-warns-exit-all-crypto-exchanges-now/

Cash in banks
Hard Wallets

Exchanges facing crash
Another FUD thread from newbies. What the fuck is saying? if you are wanna make use being scared caused by tether, and you are wrong at all.
But I just find news that related to this FUD
https://cointelegraph.com/news/somethings-fishy-tether-auditor-dissolve-relationship-according-to-rumors
Some are thinking about tether is not backed by USD and friedman is lied.
full member
Activity: 961
Merit: 110
SweetBet.com
I'm sick of FUD spreaders. The prophet !! Yeah right Smiley
jr. member
Activity: 42
Merit: 1
To play devils advocate, why wouldn't people in tether just switch over to BTC or another crypto? Everyone has had the idea that tether was shady since it began. I don't see this having much of an impact on anything. This certainly isn't going to "crash exchanges"
member
Activity: 210
Merit: 10
Quote
THE PROPHET WARNS EXIT ALL CRYPTO EXCHANGES NOW

Wow "THE PROPHET" I like it.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
Really interested to see what will happen. I have been wondering this for awhile.
jr. member
Activity: 56
Merit: 1
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